In contrast, inaction leads to escalating physical risks and long-term economic losses.
6/9
In contrast, inaction leads to escalating physical risks and long-term economic losses.
6/9
For Asia, coal would drop from 50% of the energy mix in 2020 to <1% by 2050.
Solar and wind would replace high-emission sources and grow to respectively 39% and 15% of the energy mix.
4/9
For Asia, coal would drop from 50% of the energy mix in 2020 to <1% by 2050.
Solar and wind would replace high-emission sources and grow to respectively 39% and 15% of the energy mix.
4/9
Policies that change the relative cost of energy sources will be necessary to reach climate goals.
According to NGFS models, under a NetZero 2050 scenario, shadow carbon prices in the EU could reach $875/t CO₂ by 2050, compared to just $20/t CO₂ under current policies. 2/9
Policies that change the relative cost of energy sources will be necessary to reach climate goals.
According to NGFS models, under a NetZero 2050 scenario, shadow carbon prices in the EU could reach $875/t CO₂ by 2050, compared to just $20/t CO₂ under current policies. 2/9
A few findings from an article that P. Champey and I wrote for MNB's "Eurasianomics", in which we explore implication of #NGFS Scenarios (Current policies and Net Zero 2050) for the transition in Eurasia.⬇️
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